Intimation regarding delay in submission of information pertaining to demise of Independent Director
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The company informed the stock exchange about the passing of its Independent Director, Mrs. Manjulaben Navinchandra Kothari (DIN: 08012476), on September 22, 2025. The intimation was delayed because the official death certificate was not available and confirmation from family members was pending. The company received the death certificate on November 1, 2025 and submitted the disclosure on November 3, 2025, about 6 weeks after the event. The board now has a vacancy in the independent director position that will need to be filled as per SEBI norms.
Shareholders should note the loss of an independent director, which may temporarily weaken board composition until a replacement is appointed. The delayed disclosure is a minor compliance lapse but the company has attributed it to genuine procedural reasons.